Tobacco Co. To Pay $94M To Snuff Antitrust Suit

Law360, New York (May 4, 2007, 12:00 AM EDT) -- A Connecticut-based smokeless tobacco and wine company has agreed to cough up $93.6 million to settle what the company has described as its last significant indirect purchaser antitrust case.

The settlement brings to an end the last major case in a slew of lawsuits over UST Inc.'s alleged monopolization of the snuff market, UST spokesman Mark Rozelle said Friday.

A competitor hit UST with an antitrust suit in 1998, which UST lost at both the trial court and appellate levels. That initial case sparked a flood...